Word: economisters
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...dampen the recovery. Housing never cracked; now it won't boom. Consumers never stopped spending; now they're in debt and can't pick up the pace. President Bush's tax rebate, paid out during the worst of the recession, was "insanely well timed," says Maureen Allyn, chief economist at Zurich Scudder. Any comparable success with whatever stimulus package Congress might pass is unlikely. On the factory front, new inventory controls have given managers earlier warning of waning demand than they had in previous slumps, and led them to cut orders before goods piled up to the ceiling. The same...
This is not to argue against growth or a stagnating economy, and no, it is not to advocate communism. Instead, it is to remind ourselves why we seek growth in the first place—to better our lives. The Nobel Prize-winning Harvard economist and moral philosopher Amartya Sen believes that we should replace our current definition of living standard based on income, with a living standard based on the freedom or capability to live a decent life, such as the freedom to own a home, raise a child, and to be educated. Such a change would be drastic...
...company's radio program was abruptly cut off. The Defense Ministry, which owns the radio station, offered a series of unconvincing explanations; taking heed, the Nation Group said it was ending political coverage on its 24-hour cable news channel. The most recent issue of Britain's the Economist was banned because of a special supplement on Thailand. And the government reversed a decision to deport two Bangkok-based correspondents for the Far Eastern Economic Review, who had been accused of endangering national security, only after the publication offered a measured apology. Their sin: to write a tiny article mentioning...
...being uprooted from a war-torn homeland. She first left home to attend high school in Ireland, a move she calls ironic since she left civil war in Bangladesh only to find herself in another strife-riven nation. After university in the U.K. - where she met her German-born economist husband - she studied law at Harvard. It was there that she developed an interest in human-rights issues. She has since spent her entire career in the field - until now at the U.N. refugee agency. Her Amnesty term is off to an eventful start, and she's already had some...
...Reports from the White House say it came down to Paul O'Neill the free-market economist against Karl Rove the GOP vote-counter. Pork politics - just those few rust-belt votes can lock down the House in 2002 and the White House in 2004 - won. And man-of-integrity Bush, who by keeping one campaign promise to West Virginia sold out not only his free-market principles but also most of his own party, is now sporting a sizeable black...